Archived IMT (2008.10.09)
The correlation between equities and high yielding currencies remains extremely high, highlighted by the sharp decline in GBPUSD drops by more than a full cent to $17220 as US equities move from +1.4% to -1.0%. Same applies for Aussie and Yen crosses which lose over 2 yen across the board including USDJPY, AUDJPY to EURJPY. The ban on short sellers has proven to be no obstacle to a falling market. Now that the ban has expired today, prospects are dismal for stocks. This is the biggest Year-to-Date decline in the major equity indices in history.
Real Yields & Fed Take Away
by Adam Button | Sep 29, 2020 17:25
Election Anxiety, Virus Reality
by Adam Button | Sep 25, 2020 19:15
USD Deleveraging & Tech Applications
by Adam Button | Sep 23, 2020 18:16
The Moment of Truth?
by Adam Button | Sep 21, 2020 23:15
FX Shrugs, Indices Shaken
by Adam Button | Sep 18, 2020 18:53